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A Pumping Set with a Motor Has Been Installed in a Building

Question 14

Multiple Choice

A pumping set with a motor has been installed in a building at a cost of Rs.2500.00. Assuming the life of the pump as 15 years, work out the amount of annual instalment of sinking fund required to be deposited to accumulate the whole amount of 4% compound interest.


A) rs.355
B) rs.125
C) rs.185
D) rs.1950

Correct Answer:

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